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CDII Symbol


China Direct Industries, Inc.


New CDII Director Added. Welcome! Mr. Kong Tung!

Kong Tung
Mr. Kong Tung, age 58,  is appointed a director of our company to hold office until the next annual meeting of shareholders and until his successor is duly elected and qualified or until his resignation or removal. The board of directors appointed Mr. Tung in connection with its approval of the acquisition of Beauty East, the recognition of the importance of our magnesium segment on our business, his experience in managing magnesium production facilities and the contributions he can make to our strategic direction. Mr. Tung has been the president and a member of the board of directors of Golden Magnesium since 2008.  Mr. Tung has served as the president of Shanxi Golden Trust Yiwei Magnesium Industry Corp. (“Golden Trust”) since 2003 which owns and operates a magnesium production facility in China.  Golden Trust is owned or controlled by Yuwei Huang, a member of our board of directors. Mr. Tung has been the president of Beauty East since 1995 and its chairman since 1999. Beauty East owns a 48% interest in Golden Magnesium. Mr. Tung graduated from Shanxi University, China in 1978 with a degree in engineering.

China Vesting Issues Update on China Direct Industries, Inc.

Press Release Source: China Vesting On Thursday September 29, 2011, 9:32 am EDT
LOS ANGELES, CA–(Marketwire -09/29/11)- China Vesting, a leading investment newsletter dedicated to Chinese public companies listed in the United States, today announced that is has issued an update on China Direct Industries, Inc. (NASDAQ: CDII – News). The update is available here:

China Direct Industries, Inc. insiders have bought a total of 219,000 shares in the open market between 9/21/2011-9/26/2011:

Name Position Date Shares Price Total Cost
Andrew Wang CFO / Exec. VP 9/26/2011 15,000 $0.86 $12,900
Adam Wasserman Director 9/23/2011 14,000 $0.85 $11,900
Wang Yuejian CEO 9/22/2011 150,000 $0.87 $130,500
Sheldon Steiner Director 9/21/2011 20,000 $0.90 $17,940
Philip Shen Director 9/22/2011 20,000 $0.86 $17,190
219,000 $190,430
China Direct Industries, Inc., is a U.S. based company that sources, produces and distributes industrial commodities in China and the Americas and provides business and financial consulting services. Headquartered in Deerfield Beach, Florida with corporate offices in Shanghai, China Direct Industries’ unique infrastructure provides a platform to expand business opportunities globally while effectively and efficiently accessing the U.S. capital markets.